| 【Company Research】Meidong Auto (1268 HK) - Positive signs amid 1H miss; Net cash 1.6x market cap |
| 【Company Research】Green Tea Group (6831 HK) - Rapid store rollout in 1H26; SSSG pressure to ease in 2H26 |
| 【Company Research】Innovent Biologics (1801 HK) - 1H26 beat bolsters confidence in future growth |
| 【Company Research】Sinotruk (Hong Kong) (3808 HK) - 1H26 net profit +26% YoY, above expectation; Dividend payout raised |
| 【Company Research】Li Auto Inc. (LI US/2015 HK) - Earnings recovery could take longer than expected |
| 【Company Research】MiniMax Group (100 HK) - 1H26 review: strong monetization; extending performance-cost frontier of large model |
| 【Company Research】SANY International (631 HK) - Net profit in 2Q26 +7% YoY, beating expectation |
| 【Company Research】WuXi Biologics (2269 HK) - Guidance raised; biosimilars to be new driver |
| 【Company Research】Nongfu Spring (9633 HK) - Tea biz fuelled growth; 2H26 key variable lies in cost |
| 【Company Research】Maxscend (300782 CH) - Transition before turnaround; maintain HOLD |
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